A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-1 - Special rules mainly about particular ways entities are organised  


The special rules in this Part mainly modify the operation of Part 2-2 so far as that Part deals with liability for GST and entitlement to input tax credits, but the special rules also affect other aspects of Part 2-2 and the other Parts of Chapter 2 .

Division 51 - GST joint ventures  

Subdivision 51-B - Consequences of GST joint ventures  

51-55   Payments of GST relating to GST joint ventures  


If the * assessed net amount relating to one or more * GST joint ventures for a tax period is greater than zero:

(a) the * joint venture operator of that GST joint venture or those GST joint ventures must pay that assessed net amount to the Commissioner; and

(b) Division 33 applies to payment of that amount as if it were a payment the joint venture operator was obliged to make under section 33-3 or 33-5 (as the case requires).

This section has effect despite Division 33 (which is about payments of GST).

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